Entries for November 2013

Recent buzz around the Commodity Futures Trading Commission (CFTC) has less to do with derivatives and more to do with departures. Bart Chilton is the latest member to announce his intent to resign, and come January, three out of five seats on the commission will be vacant. Mark Wetjen and Scott O’Malia are expected to remain once the dust settles, but their opposing views are likely to put all decisions on hold until Obama's nominee, Timothy Massad, gets confirmed in the Senate, and that could take months.

Regardless of who ultimately ends up running the agency, the road to compliance will not get any easier. Commissioner O’Malia recently acknowledged this sentiment: “…the intent of the Dodd-Frank Act was not to place excessive and unnecessary new regulatory burdens on end-users.” Unfortunately, participants in affected markets know that compliance regulations have gotten more complex since the legislation came to be, and in some cases CFTC developments have threatened profits. Several major players have decided to exit the market completely instead of create new trading strategies.

It doesn’t have to end this way. Triple Point Technology’s commodity trading and risk management (CTRM) enterprise software helps our clients make intelligent trading decision while promoting compliance. Commodity XL for Dodd Frank supports real-time position management, captures CFTC reportable data elements, and connects with swap data repositories. Triple Point also employs dedicated staff to stay ahead of market and regulatory demands so that your company can focus on mitigating risk and driving profits. Read more about Commodity XL for Dodd Frank and Triple Point’s other regulatory software solutions.